Real estate values have been on a tear recently, including in most jurisdictions in Maryland – including Baltimore. As a provider of premier property management in Baltimore, MH Property Management continually watches and assesses Baltimore’s housing market. It’s our way of staying on top of real estate trends so we can better advise our clients. Read on to learn some interesting rental property observations from our experts.
Baltimore Real Estate Investments
If you’ve invested in real estate in Baltimore recently, you’re likely overjoyed at how much your property values have appreciated. On a 12-month basis, property values have increased by 8.29% – which is slightly over and above the national average. Add to that the additional 2.61% gained during the most recent quarter, and real estate investors have done well – overall.
Sure, you could have done much better in speculative investments – such as Bitcoin – but the volatility you’d have experienced would be unlike anything most “normal” investors would like. And because most properties acquired are for investment purpose, as opposed to trading opportunities, volatility is not really something real estate investors must look to capitalize on.
Rental Property Investment Opportunities
For landlords looking to expand their rental property portfolios, Baltimore offers a perfect place to branch-out and expand your real estate holdings. A sizable portion of Baltimore’s real estate is occupied by renters (52%), with over 125,529 units rented. As one of most experienced property management companies in Baltimore MD, we believe there’s more room for rental property investors to grow their share of the housing market.
As economies rebound and get back to “normal”, more individuals and working families will return to jobs in Baltimore and neighboring regions. So, what does this mean for rental housing investors? It means a greater share of renters will look for housing. With supply constrained, they’ll be willing to pay higher rents for the scarce supply. And there’s good news on that front too.
Rental values in Baltimore have generally been trending in similar trajectory (higher) to the national level. There’s been an average year-over-year change of +7.2%, with average apartment rents trending at $1,410, and average single-family rent at $2,294. If you plan to capitalize on the impending pent-up rental housing demand, then now is the time to work a provider of premier property management in Baltimore, and assess your opportunity to get a share of that demand.
Why Use a Property Manager?
Whether you’re investing in rental property for future investment value appreciation (capital gains), or whether it’s a steady, predictable, recurring income stream you seek from your investments, managing your property in prime condition is important. Without the benefit of the skills from efficient and professional property managers to assist you, your investment could potentially depreciate significantly, instead of delivering expected appreciation.
Additionally, if your intention is to invest in rental properties, you’ll need experienced property managers to continue adding value to the property by dealing with tenant/renter issues, complaints, and service requests. Most importantly, experienced property management companies in Baltimore MD can also ensure your investment property complies with all appropriate Baltimore rental property regulations.